Is CCIV stock a buy or sell?
Aug 11, 2021 · No changes to the price of Churchill Capital Corp IV stock on the last trading day (Wednesday, 11th Aug 2021). During the day the stock fluctuated 0% from a day low at $26.70 to a day high of $26.70. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
What's CCIV stock forecast before the lucid merger?
Jul 19, 2021 · These announcements have done little to buoy CCIV stock in advance of the merger vote, with CCIV stock losing 12% of its value last week alone. That said, this week could be a big one for investors.
What are CCIV warrants after merger?
Apr 30, 2021 · What's CCIV stock forecast before the Lucid merger date, and is it a good investment now? Lucid targets the luxury car market—one of its models, the LucidAir Dream Edition, will sell for about ...
How's Lucid Motors (CCIV) stock placed compared with Tesla?
Apr 19, 2021 · InvestorPlace - Stock Market News, Stock Advice & Trading Tips. When Churchill Capital IV (NASDAQ:CCIV) announced a deal to acquire Lucid Motors at an $11.75 billion valuation on Feb. 22, retail ...
Lucid Motors-CCIV merger isn't imminent
It has been almost a month since reports emerged that Lucid Motors would merge with CCIV. To be sure, such rumors aren't uncommon. Just watch for discussions about SPACs on Stocktwits and you will find plenty of “upcoming mergers.” When it comes to the CCIV-Lucid merger, it wasn't the usual Stocktwits, Reddit, or Twitter discussions.
Is CCIV stock a buy or a sell?
CCIV is a story built around its merger with Lucid Motors. While CCIV’s founder Michael Klein inspires a lot of confidence given his experience with SPACs in the past, investors should wait to buy CCIV stock.
Signals & Forecast
Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
Churchill Capital Corp IV finds support from accumulated volume at $25.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Churchill Capital Corp IV stock A Buy?
Churchill Capital Corp IV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The CCIV–Lucid Motors merger date
Voting on the merger is scheduled to take place on Jul. 22. The business combination is expected to close on or around Jul. 23.
Should you buy CCIV stock now?
Although there are numerous positive catalysts on the horizon, CCIV stock isn’t a good buy going into the merger. This is due to the phase of the SPAC cycle it is in. Often, once a company's reverse merger is completed, its share price tends to drop as retail traders book profits and invest them elsewhere.
What happens to CCIV warrants after the merger?
CCIV warrants will become exercisable 30 days after the completion of the merger. The exercise price of the CCIV warrant, like for other SPAC warrants, is $11.50.
What happens to CCIV stock after the Lucid merger?
After the merger is closed, CCIV stock will immediately convert to Lucid stock and cease to exist in its SPAC avatar.
When will Lucid Air cars be available?
Lucid has affirmed that it will begin production and deliveries of its first EV, the Lucid Air, in 2021. The company has completed its pre-production phase after several setbacks. Lucid said that the Air had over 10,000 reservations, totaling $900 million in expected sales.
Lucid versus Tesla: Which is the better EV stock?
Lucid is positioned to capture significant market share from Tesla in the premium EV category in the coming years. Lucid is developing what could be the world’s best luxury EV. The Lucid Air Dream Edition model has horsepower of over 1,100 and a range more than 500 miles.
Lucid Motors stock popped
Lucid’s merger with CCIV was one of the most anticipated SPAC mergers of 2021. Many investors wonder if Lucid Motors could be the true Tesla-killer that it's claiming to be. On its initial day of trading, LCID popped by 10.6 percent.
CCIV weaves into Lucid Motors stock
After a SPAC has successfully merged into the target company, its stock weaves into the new company. As of July 26, CCIV stock ceased to exist. Its common stock and warrants got delisted from NYSE and the company started trading under the ticker "LCID" on Nasdaq.
CCIV warrants after merger
A stock warrant is a derivative contract that gives the holder the right to buy the company’s stock at a specified price in the stipulated period. For some period after the SPAC IPO, the common stock and warrants trade together but eventually become two different instruments and start trading separately.
CCIV Shareholder Vote and Merger Anticipation Upcoming
Among the key things investors in CCIV stock will be watching this week is the company’s shareholder vote on the SPAC merger, which is scheduled for July 22. Given the fact that the shareholder vote is only a few days away, it’s understandable that anticipation is once again building for this early-stage EV player.
Shareholder Call Providing Little Optimism for Lucid
Interestingly, this past week, Churchill and Lucid held a shareholder call to discuss updates prior to this week’s merger vote. In advance of the call, the company filed its slide deck with the SEC, prompting almost immediate selling of this stock.
What Analysts are Saying about CCIV Stock
According to TipRanks’ Smart Score, which represents a compilation of sentiments about the stock, Nano Dimension earns a 4, or Neutral, rating. That means the stock is likely to perform inline with overall market performance.
Bottom Line on CCIV
Investors in high-growth EV stocks like the story behind Lucid Motors. This is a company that’s proposing an alternative to incumbent Tesla in the luxury EV space. Given the growth rate we’re likely to see in this segment over time, Lucid certainly appears to be a company with a shot of providing Tesla a run for its money in this segment.
TipRanks
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.
What is Churchill Capital Corp IV?
Churchill Capital Corp IV (CCIV) is the SPAC taking Tesla competitor Lucid Motors public in a deal valued at $12 billion. What's CCIV stock forecast before the Lucid merger date, and is it a good investment now?
When will Churchill and Lucid merge?
22. They aimed to close the deal in the second quarter of 2021, which puts the expected merger date anywhere between now and Jun. 30.
How much will Lucid make in 2022?
Once it has a product on the market, the company expects its revenue to grow from zero to $2.2 billion in 2022, and then to $23 billion in 2026. Article continues below advertisement.
Is Churchill stock down?
Churchill stock has dropped 60 percent since the Lucid merger announcement, and is almost 70 percent below its peak. There are several catalysts that could send the stock soaring. First, short-sellers have been pushing CCIV stock down, as evidenced in the stock’s rising short interest. Once the merger closes successfully, bearish bets on the stock should fade, clearing the air for the stock to start ascending again.
